Hyundai Motor America Reports Record-Breaking March and Q1 2023 Sales
Hyundai Motor America reported record-breaking total and retail sales in March and Q1 2023. Total sales rose by 27% in March compared to March 2022, totaling 75,404 units. This marks the fifth consecutive month of setting total sales records. In Q1, total sales reached 184,449 units, a 16% year-over-year increase. Retail sales also increased by 15% in March, reaching 68,312 units. Noteworthy performers included Venue (+74%), Elantra HEV (+37%), and Tucson HEV (+52%). Hyundai's eco-friendly vehicle sales accounted for 17% of retail sales. March fleet sales formed 9.4% of total sales.
- March total sales increased by 27% year-over-year, reaching 75,404 units.
- Q1 total sales set a record of 184,449 units, a 16% increase from Q1 2022.
- March retail sales up by 15%, totaling 68,312 units.
- Eco-friendly vehicle sales represented 17% of retail sales, showing a 20% year-over-year increase.
- Ioniq 5 sales decreased by 22% in March compared to the previous year.
- Santa Fe HEV and Tucson HEV recorded significant sales increases, but overall market competition may impact future performance.
Insights
Analyzing...
- Hyundai Sets New Q1 Total and Retail Sales Record; Q1 Total Sales Increased
16% - March Total Sales Increased
27% ; Fifth Consecutive Month With A Total Sales Record - March Retail Sales Up
15% - All-Time Best-Ever Records for
Santa Cruz and Santa Fe HEV
"
Hyundai sold 68,312 retail units in March, a
In the first quarter, Hyundai total sales were 184,449 units, a Q1 total sales record and an increase of
Mar-23 | Mar-22 | % Chg | YTD (Q1) 2023 | YTD (Q1) 2022 | % Chg | |
Hyundai | 75,404 | 59,380 | +27 % | 184,449 | 159,676 | +16 % |
- The New SONATA Spices Up Midsize Sedan Segment:
Hyundai Motor Company revealed the design of the new SONATA, with a new badge for the eighth-generation midsize sedan that heralds its sportiest design ever. U.S. News & World Report Names Santa Fe andTucson 2023 Best Cars for Families: Hyundai received two 2023 Best Cars for Families awards byU.S. News & World Report . The Hyundai Santa Fe was named Best 2-row SUV for Families, and for a second time the Hyundai Tucson deemed Best Compact SUV for families.- All-new KONA Accelerates Hyundai's Electrification Vision:
Hyundai Motor Company held a digital world premiere to unveil the all-new Kona, an upscaled multiplayer in the B-SUV segment, led by an all-electric variant (EV) that offers advanced safety and convenience features and class-leading range. - Thirteen New "Journeys" in Portrait Series with
Annie Leibovitz : Hyundai launched the second chapter in the creative marketing campaign, "Journeys", which uses a series of portraits and videos to share the compelling stories of individuals that inspire the brand. - Top Scorers on ACEEE's Greenest Vehicles List: The 2023 Hyundai Elantra Hybrid Blue, Sonata Hybrid Blue and
Kona Electric were named on theAmerican Council for an Energy-Efficient Economy's (ACEEE) list of "Greenest Vehicles of 2023." - Hyundai Launches Annual Women in STEM Scholarship: To celebrate International Women's Day,
Hyundai Motor America has announced that applications for its annual Hyundai Women in STEM Scholarship are now open.
Vehicles | Mar-23 | Mar-22 | % Chg | YTD (Q1) 2023 | YTD (Q1) 2022 | % Chg |
Accent | 2 | 1,446 | -100 % | 30 | 2,697 | -99 % |
Elantra | 13,447 | 10,205 | +32 % | 32,473 | 22,072 | +47 % |
Ioniq | 0 | 860 | 0 % | 0 | 3,544 | 0 % |
Ioniq 5 | 2,114 | 2,700 | -22 % | 5,736 | 6,244 | -8 % |
Ioniq 6 | 222 | 0 | 0 % | 222 | 0 | 0 % |
Kona | 7,314 | 6,053 | +21 % | 19,220 | 15,536 | +24 % |
Nexo | 21 | 113 | -81 % | 65 | 166 | -61 % |
Palisade | 6,176 | 7,283 | -15 % | 19,602 | 21,025 | -7 % |
3,825 | 2,950 | +30 % | 9,307 | 8,400 | +11 % | |
Santa Fe | 13,236 | 10,124 | +31 % | 28,526 | 25,582 | +12 % |
Sonata | 5,310 | 1,716 | +209 % | 14,490 | 7,744 | +87 % |
20,111 | 13,642 | +47 % | 46,170 | 39,655 | +16 % | |
Veloster | 1 | 205 | -100 % | 5 | 462 | -99 % |
Venue | 3,625 | 2,083 | +74 % | 8,603 | 6,549 | +31 % |
View original content to download multimedia:https://www.prnewswire.com/news-releases/hyundai-motor-america-reports-record-breaking-march-and-q1-2023-sales-301787605.html
SOURCE
FAQ
What were Hyundai's total sales in March 2023 for stock symbol HYMTF?
How did Hyundai perform in Q1 2023 compared to Q1 2022 for HYMTF?
What percentage of Hyundai's March retail sales were eco-friendly vehicles for HYMTF?
What were the notable performers among Hyundai's models in March 2023 for HYMTF?
How much did Hyundai's retail sales increase in March 2023 for the stock symbol HYMTF?
